California Housing Market Kicks Off 2017 Higher In January

California’s housing market started the year on a high note, following up on December’s strong showing with higher sales both on a monthly and yearly basis in January, according to the California Association of Realtors’ recent report. Existing single-family home sales totaled 420,100 in January, up 2.1 percent from December and 4.4 percent from January 2016. However, the state’s median home price was $489,580, down 3.8 percent from December yet up 4.8 percent from January 2016. In San Diego County, the median sold price in January was $550,000 which is 3.8 percent higher than January 2016. Year-over-year sales fell 6.8 percent.

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